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Trump tariffs list: The US global tariffs plan at a glance | Trump tariffs list: The US global tariffs plan at a glance |
(30 minutes later) | |
Watch: Three things to know about Trump's tariffs announcement | Watch: Three things to know about Trump's tariffs announcement |
Donald Trump announced a sweeping new set of reciprocal tariffs on Wednesday, arguing that they would allow the United States to succeed. | Donald Trump announced a sweeping new set of reciprocal tariffs on Wednesday, arguing that they would allow the United States to succeed. |
Trump's tariffs, which he imposed via executive order, are expected to send economic shockwaves around the world. The White House released a list of roughly 100 countries and the tariff rates that the US would impose in kind. | Trump's tariffs, which he imposed via executive order, are expected to send economic shockwaves around the world. The White House released a list of roughly 100 countries and the tariff rates that the US would impose in kind. |
Here are the basic elements of the plan. | Here are the basic elements of the plan. |
LIVE: Updates and analysis as Trump announces global tariffs plan | LIVE: Updates and analysis as Trump announces global tariffs plan |
10% baseline tariff | 10% baseline tariff |
In a background call before Trump's speech, a senior White House official told reporters that the president would impose "baseline tariffs" on all countries. | In a background call before Trump's speech, a senior White House official told reporters that the president would impose "baseline tariffs" on all countries. |
That rate is set at 10% and will go into effect on 5 April. | That rate is set at 10% and will go into effect on 5 April. |
Some countries will only face the base rate. These include: | Some countries will only face the base rate. These include: |
United Kingdom | United Kingdom |
Singapore | Singapore |
Brazil | Brazil |
Australia | Australia |
New Zealand | New Zealand |
Turkey | Turkey |
Colombia | Colombia |
Argentina | Argentina |
El Salvador | El Salvador |
United Arab Emirates | United Arab Emirates |
Saudi Arabia | Saudi Arabia |
Custom tariffs for 'worst offenders' | Custom tariffs for 'worst offenders' |
White House officials also said that they would impose specific reciprocal tariffs on roughly 60 "worst offenders", to go into effect on 9 April. | White House officials also said that they would impose specific reciprocal tariffs on roughly 60 "worst offenders", to go into effect on 9 April. |
These countries charge higher tariffs on US goods, impose "non-tariff" barriers to US trade or have otherwise acted in ways the government feels undermine American economic goals. | These countries charge higher tariffs on US goods, impose "non-tariff" barriers to US trade or have otherwise acted in ways the government feels undermine American economic goals. |
The key trading partners subject to these customised tariff rates include: | The key trading partners subject to these customised tariff rates include: |
European Union: 20% | European Union: 20% |
China: 54% | China: 54% |
Vietnam: 46% | Vietnam: 46% |
Thailand: 36% | Thailand: 36% |
Japan: 24% | Japan: 24% |
Cambodia: 49% | Cambodia: 49% |
South Africa: 30% | South Africa: 30% |
Taiwan: 32% | Taiwan: 32% |
No additional tariffs on Canada and Mexico | No additional tariffs on Canada and Mexico |
Canada and Mexico are not mentioned in these new tariff announcements. | Canada and Mexico are not mentioned in these new tariff announcements. |
The White House said they would deal with both countries using a framework set out in previous executive orders, which imposed tariffs on Canada and Mexico as part of the administration's efforts to address fentanyl and border issues. | The White House said they would deal with both countries using a framework set out in previous executive orders, which imposed tariffs on Canada and Mexico as part of the administration's efforts to address fentanyl and border issues. |
He previously set those tariffs at 25%, before announcing some exemptions and delays. | He previously set those tariffs at 25%, before announcing some exemptions and delays. |
No additional US tariffs for Canada, but no relief either | |
25% tariffs on auto imports | 25% tariffs on auto imports |
In addition, the president announced the US would impose a "25% tariff on all foreign made-automobiles". | In addition, the president announced the US would impose a "25% tariff on all foreign made-automobiles". |
Those tariffs would go into effect almost immediately, at midnight on 3 April. | Those tariffs would go into effect almost immediately, at midnight on 3 April. |